Revenue: As of FY2025, the actual value is USD 108.32 M.EPS: As of FY2025, the actual value is USD 4.45, missing the estimate of USD 4.4833.EBIT: As of FY2025, the actual value is USD 147.89 M.<h4>Overall Financial Performance</h4><ul><li>Net Income: Bankwell Financial Group, Inc. reported a net income of $35.2 million for the year ended December 31, 2025, which is a 260.3% increase compared to $9.8 million in 2024.</li><li>Return on Average Assets: Increased to 1.09% in 2025 from 0.31% in 2024.</li><li>Return on Average Common Shareholders’ Equity: Rose to 12.32% in 2025 from 3.60% in 2024.</li><li>Total Assets: Stood at $3.4 billion at December 31, 2025, up from $3.3 billion at December 31, 2024.</li><li>Total Shareholders’ Equity: Increased to $301.5 million as of December 31, 2025, from $270.5 million at December 31, 2024.</li></ul><h4>Revenue and Profitability</h4><ul><li>Total Revenue: $108.3 million for 2025, an increase from $87.0 million in 2024.</li><li>Net Interest Income: $98.9 million in 2025, an increase of $15.7 million compared to 2024.</li><li>Net Interest Margin: Increased by 46 basis points to 3.16% in 2025.</li><li>Noninterest Income: Increased by $5.7 million to $9.4 million in 2025, primarily due to higher gains from SBA loan sales.</li></ul><h4>Operating Costs</h4><ul><li>Noninterest Expense: Increased by $7.7 million, or 15.2%, to $58.8 million in 2025 compared to 2024, mainly due to higher salaries, employee benefits, and professional services.</li><li>Efficiency Ratio: Improved to 54.1% in 2025 from 57.9% in 2024.</li></ul><h4>Loan Portfolio</h4><ul><li>Total Loans: Before deferred loan fees and ACL-Loans, totaled $2,840,072 thousand at December 31, 2025, an increase of $134,184 thousand from $2,705,888 thousand at December 31, 2024.<ul><li>Residential Real Estate Loans: Decreased by $9,627 thousand (-22.5%) to $33,139 thousand at December 31, 2025.</li><li>Commercial Real Estate Loans: Increased by $31,845 thousand (1.7%) to $1,930,979 thousand at December 31, 2025.<ul><li>Non-owner occupied commercial real estate loans were $1,128,993 thousand and owner occupied were $801,851 thousand at December 31, 2025.</li><li>The largest property types were residential care ($795,166 thousand), retail ($296,950 thousand), and multifamily ($267,759 thousand).</li></ul></li><li>Construction Loans: Decreased by $19,777 thousand (-11.4%) to $153,778 thousand at December 31, 2025.</li><li>Commercial Business Loans: Increased by $130,196 thousand (25.3%) to $645,321 thousand at December 31, 2025.</li><li>Consumer Loans: Increased by $1,547 thousand (2.1%) to $76,855 thousand at December 31, 2025.</li></ul></li></ul><h4>Asset Quality</h4><ul><li>Provision for Credit Losses: $1.0 million in 2025, a significant decrease from $22.6 million in 2024.</li><li>Total Past Due Loans: $8.9 million (0.31% of total loans) at December 31, 2025, decreasing by $35.2 million from 2024.</li><li>Nonperforming Assets as a Percentage of Total Assets: Decreased to 0.49% at December 31, 2025, from 1.88% at December 31, 2024.</li><li>Total Nonaccrual Loans: $16.3 million at December 31, 2025, compared to $53.3 million at December 31, 2024.</li><li>ACL-Loans: $30.7 million, representing 1.08% of total loans at December 31, 2025, compared to $29.0 million, or 1.07% of total loans, at December 31, 2024.</li><li>ACL-Loans to Nonperforming Loans Ratio: 188.33% in 2025, up from 54.45% in 2024.</li><li>Net Recoveries: -0.01% of average loans in 2025, compared to net charge-offs of 0.81% in 2024.</li></ul><h4>Deposit Activities and Other Sources of Funds</h4><ul><li>Total Deposits: $2.8 billion at December 31, 2025, an increase of $41.9 million (1.5%) from December 31, 2024.<ul><li>Noninterest-bearing Demand Deposits: Increased to $403,652 thousand (14.27% of total deposits) at December 31, 2025.</li><li>Money Market Deposits: Increased to $1,007,844 thousand (35.62% of total deposits) at December 31, 2025.</li><li>Time Deposits: Decreased to $1,230,362 thousand (43.48% of total deposits) at December 31, 2025.<ul><li>Brokered certificates of deposits were $505.0 million at December 31, 2025, down from $651.5 million at December 31, 2024.</li></ul></li></ul></li><li>FHLB Borrowings: Increased to $110.0 million at December 31, 2025, from $90.0 million at December 31, 2024.</li></ul><h4>Investment Securities</h4><ul><li>Carrying Value: The investment securities portfolio was $192.1 million at December 31, 2025, an increase of $46.0 million from $146.1 million at December 31, 2024.</li></ul><h4>Capital Resources</h4><ul><li>Regulatory Capital Levels: Bankwell Bank exceeded regulatory minimum capital levels to be considered well-capitalized at December 31, 2025, with a Tier 1 capital to average assets ratio of 10.56%, a Tier 1 capital to risk-weighted assets ratio of 11.87%, and a total capital to risk-weighted assets ratio of 12.94%.</li></ul><h4>Off-Balance Sheet Arrangements</h4><ul><li>Commitments to Extend Credit: Totaled $520.6 million at December 31, 2025, including loan pipeline, loan commitments, undisbursed construction loans, and unused home equity lines of credit.</li></ul><h4>Outlook / Guidance</h4>Bankwell Financial Group, Inc. aims to be the preferred banking provider by focusing on client-focused growth, community engagement, and strategic investments in scalable infrastructure. The company plans to continue pursuing strategic acquisitions that offer financial benefits and operational efficiencies without compromising its risk profile. Disciplined risk management and maintaining a strong capital position are integral to its business plan execution.

Bankwell Financial | 10-K: FY2025 Revenue: USD 108.32 M